Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 188,981 shares, a drop of 75.5% from the September 30th total of 772,376 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 174,072 shares, the days-to-cover ratio is presently 1.1 days.
Virtus Newfleet Multi-Sector Bond ETF Trading Up 0.4%
Shares of Virtus Newfleet Multi-Sector Bond ETF stock traded up $0.09 on Thursday, hitting $22.28. 154,309 shares of the company were exchanged, compared to its average volume of 106,482. The company has a 50-day moving average price of $22.40 and a 200 day moving average price of $22.83. Virtus Newfleet Multi-Sector Bond ETF has a 1-year low of $21.97 and a 1-year high of $23.34.
Hedge Funds Weigh In On Virtus Newfleet Multi-Sector Bond ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of NFLT. Fifth Third Securities Inc. purchased a new position in Virtus Newfleet Multi-Sector Bond ETF in the third quarter valued at $4,168,000. EverSource Wealth Advisors LLC grew its stake in Virtus Newfleet Multi-Sector Bond ETF by 32.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 91,888 shares of the company’s stock worth $2,090,000 after purchasing an additional 22,624 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new stake in Virtus Newfleet Multi-Sector Bond ETF during the 3rd quarter worth about $33,000.
Virtus Newfleet Multi-Sector Bond ETF Company Profile
The Virtus Newfleet Multi-Sector Bond ETF (NFLT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of bonds. The portfolio managers can invest in domestic, international and emerging market bonds, USD- or non-USD denominated, investment grade or high yield and in any sector. NFLT was launched on Aug 11, 2015 and is managed by Virtus.
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